 |
ARIZONA STATE SENATE
Fifty-Seventh Legislature, First Regular Session
property tax oversight commission; continuation
Purpose
Continues the Property Tax Oversight Commission (PTOC) for eight years.
Background
Established in 1987, the PTOC is responsible for: 1) furthering the public confidence in property tax limitations; 2) providing a uniform methodology for determining such limitations; and 3) providing a continuing review of practices for ensuring a fair and equitable administration of property tax laws. The PTOC monitors the property tax valuations and calculations of all taxing jurisdictions and monitors compliance with the tax levy limits and truth-in-taxation requirements. If the PTOC identifies a violation, the PTOC informs the taxing jurisdiction in writing of the steps to remedy the violation. The taxing jurisdiction may request a hearing to resolve any dispute. The PTOC must meet annually and may conduct hearings upon request of a taxing jurisdiction regarding the determination of the jurisdiction’s property tax levy limit (A.R.S. §§ 42-17002 and 42-17003).
The Senate Finance Committee of Reference (COR) held a public meeting on Monday, January 27, 2025, to consider the PTOC's responses to the statutorily outlined sunset factors and receive public testimony. The COR recommended that the PTOC be continued for eight years, until July 1, 2033 (COR Report). The PTOC terminates on July 1, 2025, unless continued by the Legislature (A.R.S § 41-3025.08)
There is no anticipated fiscal impact to the state General Fund associated with this legislation.
Provisions
1. Continues, retroactive to July 1, 2025, the PTOC until July 1, 2033.
2. Repeals the PTOC on January 1, 2034.
3. Contains a purpose statement.
4. Becomes effective on the general effective date, with a retroactive provision as noted.
Prepared by Senate Research
February 5, 2025
MG/AL/ci